Heating System Costs
There is more to your heating costs in Prince Edward Island than just energy prices.
Total Cost of Ownership
When choosing a heating system, it's important to consider the upfront costs of each option, and how that cost will factor into your monthly mortgage. The table below provides examples for some common heating systems on PEI and incorporates the efficiency, upfront purchase and the monthly costs of heating.
Where did these numbers come from?
- Price includes taxes but excludes service charges.
- The monthly cost is based on an average home (2000 square feet) consuming 95 MMBTU per year.
- Mortgage is based on 25 years (300 monthly payments) and 5% interest.
- Fuel and system costs are estimates and may vary from those shown above.